Daily News

View All News

Monster cuts workforce by 5% as it works toward profitable growth

February 11 2019

Job board provider Monster last week cut approximately 5% of its global workforce, which translates to about 100 affected employees, as it works toward profitable growth.

“To accelerate our progress towards sustainable, profitable growth across Monster, we have made the difficult decision to eliminate certain positions in our workforce across our global organization,” a Monster spokesperson said in a statement provided to Staffing Industry Analysts. “We regret the impact this will have on our colleagues and their families, and plan to do everything we can to support people affected and treat them with the utmost dignity and respect, including providing outplacement support to help ease the transition.”

The company aims to continue focusing on its vision moving forward.

“As Monster continues to evolve as a business, the company remains focused on delivering superior experiences and best-in-class matches,” the spokesperson said. “Our aim is to make every workplace happier and more productive by transforming the way employers and candidates find the right fit. These are critical foundations for our continued growth, and we are focused on our vision, mission, and operating commitments for 2019 and beyond.”

Monster is owned by Randstad nv, which is scheduled to release earnings on Tuesday.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*